EWG vs EFA: Holdings Overlap
iShares · 55 holdings · $1.6B · as of 2026-05-31
iShares · 705 holdings · $79.3B · as of 2026-04-30
Holdings snapshots are 31 days apart (EWG: 2026-05-31, EFA: 2026-04-30). Weights and index membership change between snapshots, so the true current overlap is typically higher than shown. For funds tracking the same index, the gap can be 5–15 points.
How similar are EWG and EFA?
iShares MSCI Germany ETF (EWG, by iShares) holds 55 positions; iShares MSCI EAFE ETF (EFA, by iShares) holds 705. They have 55 holdings in common, and by portfolio weight the two funds are 9.2% identical. In practical terms the pair is lightly overlapping, with most of each portfolio distinct.
- Overlap by Weight
- 9.2%Sum of the smaller weight of each shared holding
- Shared Holdings
- 55EWG holds 55 · EFA holds 705
- Weight in Shared Holdings
- EWG 100%·EFA 9%Share of each fund's weight in stocks both funds own
Based on each fund's latest official holdings. How is this calculated?
What makes each fund different
Only in EWG
Every position in EWG is also held by EFA, so it brings nothing the other fund doesn’t already own.
Sector Breakdown
| Sector | EWG | EFA |
|---|---|---|
| Industrials | 28.6% | 18.5% |
| Financials | 20.0% | 23.8% |
| Information Technology | 15.7% | 9.1% |
| Health Care | 5.9% | 9.7% |
| Consumer Staples | 1.4% | 6.8% |
| Other Sectors | 22.8% | 25.8% |
| Unclassified | 5.4% | 5.5% |
Share of each fund's portfolio weight by GICS-style sector, compiled from issuer fund data and our own classification of the holdings, not the issuers' published sector charts. “Unclassified” is weight we could not classify (5% of EWG, 6% of EFA).
Performance
| Fund | 1M | YTD | 1Y | 3Y (ann.) | 5Y (ann.) | 10Y (ann.) | Yield |
|---|---|---|---|---|---|---|---|
| EWG | +4.7% | +5.7% | +6.1% | +18.0% | +7.5% | +8.2% | 1.89% |
| EFA | +4.2% | +14.8% | +25.0% | +17.9% | +9.6% | +9.7% | 3.10% |
Total returns including dividends, from adjusted daily closes as of 2026-08-07. 3Y/5Y/10Y are annualized. Yield is trailing-12-month distributions over the last close. Past performance does not predict future results.
Project the growth of $10,000 in EWG vs EFA →
Shared Holdings(55)
The top 10 shared positions account for 61% of the overlap, led by SIE, SAP and ALV.
 SIESiemens AG (Registered) | 11.97% | 1.04% | 1.04% |
|---|---|---|---|
 SAPSAP SE | 9.49% | 0.81% | 0.81% |
 ALVAllianz SE (Registered) | 8.47% | 0.80% | 0.80% |
 ENRSiemens Energy AG | 7.37% | 0.76% | 0.76% |
 DTEDeutsche Telekom AG (Registered) | 6.21% | 0.55% | 0.55% |
 IFXInfineon Technologies AG | 6.22% | 0.40% | 0.40% |
 MUV2Muenchener Rueckversicherungs-Gesellschaft AG (Registered) | 3.45% | 0.36% | 0.36% |
 RHMRheinmetall AG | 3.48% | 0.34% | 0.34% |
 DB1Deutsche Boerse AG | 2.73% | 0.27% | 0.27% |
 BASBASF SE | 2.66% | 0.26% | 0.26% |
 DBKDeutsche Bank AG | 2.96% | 0.26% | 0.26% |
 DHLDeutsche Post AG | 2.75% | 0.25% | 0.25% |
 EOANE ON SE | 2.40% | 0.23% | 0.23% |
 RWERWE AG | 2.02% | 0.21% | 0.21% |
 BAYNBayer AG (Registered) | 2.10% | 0.20% | 0.20% |
 MBGMercedes-Benz Group AG | 2.20% | 0.19% | 0.19% |
| Euro | 0.26% | 0.19% | 0.19% |
 CBKCommerzbank AG | 1.58% | 0.14% | 0.14% |
 ADSadidas AG | 1.66% | 0.14% | 0.14% |
 HEIHeidelberg Materials AG | 1.49% | 0.14% | 0.14% |
 BMWBayerische Motoren Werke AG | 1.23% | 0.12% | 0.12% |
 DTGDaimler Truck Holding AG | 1.13% | 0.11% | 0.11% |
 VOW3Volkswagen AG | 1.10% | 0.10% | 0.10% |
 VNAVonovia SE | 0.95% | 0.09% | 0.09% |
 FREFresenius SE & Co KGaA | 0.90% | 0.09% | 0.09% |
Frequently Asked Questions
How much do EWG and EFA overlap?
EWG and EFA overlap by 9.2% of portfolio weight. They share 55 holdings (EWG holds 55 positions and EFA holds 705), based on each fund's latest SEC-reported holdings.
Is it redundant to own both EWG and EFA?
The two portfolios are 9.2% identical by weight. Owning both is not redundant. Most of each portfolio is distinct, so the funds can serve different roles.
What are the biggest shared holdings of EWG and EFA?
The largest positions held by both funds are SIE, SAP, ALV, ENR and DTE. Together the top 10 shared positions account for 61% of the total overlap.
What does EWG own that EFA doesn't?
Nothing. Every position in EWG is also held by EFA. In the other direction, 650 positions (90.1% of EFA) are unique to EFA.